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SHAREHOLDER ALERT: TUYA NIO AZRE: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines

Monday, September 19, 2022 12:20 PM
The Law Offices of Vincent Wong
Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / September 19, 2022 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.

Tuya Inc. (NYSE:TUYA)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/tuya-loss-submission-form?prid=31911&wire=1
Lead Plaintiff Deadline: October 11, 2022
This lawsuit is on behalf of all persons or entities who purchased Tuya American Depositary Shares in or traceable to the Company's March 2021 initial public offering.

Allegations against TUYA include that: (a) a material portion of Tuya's China-based customers were engaged in the widespread and systematic manipulation of reviews and product offerings in violation of Amazon.com's terms of use; (b) prior to the initial public offering, a consumer investigation and data breach had exposed an illicit fake review scheme being perpetrated by many of Tuya's clients, among others, which included, inter alia, the exposure of 13 million records of organized fake review scams linked to over 200,000 Amazon account profiles; (c) as a result of (a) and (b) above, there was a substantial risk that a material portion of Tuya's significant customers would be barred from using Amazon.com's platform, negatively impacting Tuya's business, revenue, earnings, and prospects; and (d) as a result of (a)-(c) above, the registration statement's representations regarding Tuya's historical financial and operational metrics and purported market opportunities and expected growth did not accurately reflect the actual business, operations, financial results, and trajectory of the Company at the time of the initial public offering, and such statements were materially false and misleading and lacked a reasonable factual basis.

NIO Inc. (NYSE:NIO)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/nio-inc-lawsuit-loss-submission-form?prid=31911&wire=1
Lead Plaintiff Deadline: October 24, 2022
Class Period: August 20, 2020 - July 11, 2022

Allegations against NIO include that: (1) NIO pulled forward revenue by selling batteries to a related party, which owned the batteries and managed users' subscriptions; (2) through the related party, NIO also recognized enormous depreciation savings; (3) as a result of the foregoing, the Company's revenue and net loss were overstated; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Azure Power Global Limited (NYSE:AZRE)

If you suffered a loss, contact us at: https://www.wongesq.com/pslra-1/azure-shareholder-class-action-loss-submission-form?prid=31911&wire=1
Lead Plaintiff Deadline: October 31, 2022
Class Period: June 15, 2021 - August 26, 2022

Allegations against AZRE include that: (1) there were procedural irregularities, including deviations from safety and quality standards, at one of Azure's plants; (2) certain project data was manipulated; (3) as a result of the foregoing, the Company's internal controls and procedures were not effective; (4) Azure had received a credible whistleblower report alleging such misconduct; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

The Law Offices of Vincent Wong, Monday, September 19, 2022, Press release picture

To learn more contact Vincent Wong, Esq. either via email [email protected] or by telephone at 212.425.1140.

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: [email protected]

SOURCE: The Law Offices of Vincent Wong

Topic:
Lawsuits
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